at think this was not really that much of a flap given that harry reid got all whipped up about it. this is a guy who is not presented a budget in the last four years until today when they finally did. you were saying something earlier. remember, about the president coming in with his budget later. it used to be cliche. the president proposes and congress disposes. i guess that's not the case anymore. now it congress that proposes and the president of los. lou: the president is certainly dawdling, and not setting a very good tone for wall street and for investors who are interested in what is happeni to fiscal policy in this country. why is he being your judgment ll be the effect of this process in sub much like the last one? >> obviously it is sething that the financial markets are not going to take kindly to. we could see someownward pressure put on equity prices. perhaps that is tolerable. you know, eventually something has to be done. unfortunately the president is discovering that there is a great deal of resistance to his emphasis on taxes and taxes alone as the primary means